ost983566

OST-98-3566

Agreements Adopted by the Traffic Conferences of the International Air Transport Association

OST-98-3561 | February 27, 1998

Technical Correction of Pending Agreement

OST-98-3566 | February 27, 1998

Application for Approval of Agreement

By: David O'Connor

Agreement Adopted by the Tariff Coordinating Conferences of the International Air Transport Association

Order 98-5-30 | OST-98-3566 | Issued May 22, 1998 | Served May 29, 1998

Order

The agreement proposes to reduce this ten percent tolerance for updating an IROE to six percent. IATA states that the recent currency problems in South East Asia and Korea revealed that the present ten percent tolerance is too large, and states further that a reduction to six percent, which is the same level used by the Clearing House to highlight currency changes, will provide for a quicker response to currency fluctuations.

By: Charles Hunnicutt